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        ISP SERBIA LOAN FOR SMES MIDCAPS &CLIMATE ACTION

        Signature(s)

        Amount
        € 160,000,000
        Countries
        Sector(s)
        Serbia : € 160,000,000
        Credit lines : € 160,000,000
        Signature date(s)
        8/03/2024 : € 60,000,000
        24/11/2023 : € 100,000,000

        Summary sheet

        Release date
        4 May 2023
        Status
        Reference
        Signed | 24/11/2023
        20220931
        Project name
        Promoter - financial intermediary
        ISP SERBIA LOAN FOR SMES MIDCAPS &CLIMATE ACTION
        BANCA INTESA AD BEOGRAD,INTESA LEASING DOO BEOGRAD
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 160 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        A multi-beneficiary intermediated loan to Banca Intesa Beograd and Intesa Leasing Beograd for financing of small and medium-sized enterprises (SMEs) and mid-caps in Serbia, with a portion dedicated to climate action projects.

        The aim of the project is to contribute to strengthening economic resilience, employment-generating activities and alleviating the economic consequences of the COVID-19 pandemic and of the ongoing global impact of the conflict in Ukraine. The operation will also contribute to climate action, therefore supporting Serbia's green transition.

        Environmental aspects
        Procurement

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Milestone
        Under appraisal
        Approved
        Signed
        22 June 2023
        24 November 2023

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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